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Fly News Breaks for January 18, 2019
TEAM
Jan 18, 2019 | 08:07 EDT
BMO Capital analyst Keith Bachman raised his price target on Atlassian to $100 after its Q2 earnings, revenue, and billings beat expectations, driven in part by "pull-forwards in server products following price increases". The analyst is positive on the company's products and business model, noting that the quarter would have been solid even without the pull-forwards. Bachman keeps his Market Perform rating on Atlassian however, stating that its "current multiple leaves little room for stock price upside."
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